Registration number: 03382650

K and S Cabling Limited

trading as K&S Cabling Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

K and S Cabling Limited

trading as K&S Cabling Ltd

Company Information

Directors

Mr Stuart David Ross Mr Kurt John Horner

Company secretary

Mr Stuart David Ross

Registered office

26 Purbeck Road Hornchurch Essex RM11 1NA

Accountants

Paul Winston Limited Silver Rose, Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

K and S Cabling Limited

trading as K&S Cabling Ltd

(Registration number: 03382650)
Balance Sheet as at 31 March 2024

	Note	2024 £	2023 £
fixed assets
tangible assets	4	38,464	51,283
Current assets
Debtors	5	74,437	63,329
Cash at bank and in hand		14,601	27,417
		89,038	90,746
Creditors: Amounts falling due within one year	6	(83,449)	(76,190)
Net current assets		5,589	14,556
Total assets less current liabilities		44,053	65,839
Creditors: Amounts falling due after more than one year	6	(29,994)	(38,867)
Net assets		14,059	26,972
capital and reserves
Called up share capital	7	204	204
Profit and loss account		13,855	26,768
Shareholders' funds		14,059	26,972

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2025 and signed on its behalf by:
 

......................................... Mr Kurt John Horner Director

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 Purbeck Road
Hornchurch
Essex
RM11 1NA
United Kingdom

These financial statements were authorised for issue by the Board on 3 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% reducing balance
Office Equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2023	79,485	79,485
At 31 March 2024	79,485	79,485
Depreciation
At 1 April 2023	28,202	28,202
Charge for the year	12,819	12,819
At 31 March 2024	41,021	41,021
Carrying amount
At 31 March 2024	38,464	38,464
At 31 March 2023	51,283	51,283

5

Debtors

Current	2024 £	2023 £
Trade debtors	28,661	32,147
Other debtors	45,776	31,182
	74,437	63,329

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	8	55,895	65,741
trade creditors		4,150	633
Taxation and social security		8,555	4,035
Other creditors		14,849	5,781
		83,449	76,190
Due after one year
Loans and borrowings	8	29,994	38,867

Creditors: amounts falling due after more than one year

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	29,994	38,867

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	-	-	-	-
Ordinary Ku of £1 each	50	50	50	50
Ordinary S of £1 each	50	50	50	50
Ordinary Ka of £1 each	50	50	50	50
Ordinary L of £1 each	50	50	50	50
Ordinary ER of £1 each	1	1	1	1
Ordinary JH of £1 each	1	1	1	1
Ordinary EH of £1 each	1	1	1	1
Ordinary GR of £1 each	1	1	1	1
	204	204	204	204

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	29,994	38,867

Current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	31,345	40,720
Other borrowings	24,550	25,021
	55,895	65,741

9

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £Nil per each Ordinary		-		-
Interim dividend of £140.00 (2023 - £40.00) per each Ordinary Ku		7,000		2,000
Interim dividend of £140.00 (2023 - £50.00) per each Ordinary S		7,000		2,000
Interim dividend of £25.00 (2023 - £50.00) per each Ordinary Ka		1,000		2,000
Interim dividend of £25.00 (2023 - £50.00) per each Ordinary L		1,000		2,000
Interim dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary ER		1,000		2,000
Interim dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary JH		1,000		2,000
Interim dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary EH		1,000		2,000
Interim dividend of £1,000.00 (2023 - £9,000.00) per each Ordinary GR		1,000		9,000
		20,000		23,000

10	Related party transactions

K and S Cabling Limited

trading as K&S Cabling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	80,021	120,000
Contributions paid to money purchase schemes	18,603	25,109
	98,624	145,109